注册 登录
上一主题：Reading 31: Financial Reporting Standards-LOS a 习题精选
下一主题：Reading 30: Financial Reporting Mechanics-LOS e 习题精选
返回列表 发帖
1215

Rank: 4

UID
152243 
帖子
3978 
主题
858 
注册时间
2009-12-15 
最后登录
2011-4-15 
1# 跳转到 » 倒序看帖
打印
tT
发表于 2011-3-12 10:32 | 只看该作者

Reading 30: Financial Reporting Mechanics-LOS f 习题精选

purchase
Session 7: Financial Reporting and Analysis: An Introduction
Reading 30: Financial Reporting Mechanics

LOS f: Describe the flow of information in an accounting system.

 

 

Prema Singh is the bookkeeper for Octabius Industries. Singh has been asked by the CFO of Octabius to review all purchases that occurred between February 1 and February 8 to investigate an error on the receiving dock. Singh will most likely look at the:

A)
 general journal.
B)
 initial trial balance.
C)
 general ledger.

 

Journal entries record every transaction, showing which accounts are changed by what amounts. A listing of all the journal entries in order by date is called the “general journal.”

 

相关主题：

. CFA一级 Interest Rate Risk的疑问

. 请教一道notes上关于ethics的题～各位大大

. 2014CFA1级-每日一练-经济学-20140315

. 2014CFA3级-每日一练-R8-004

. 请教大家两个ethic问题，note里面的。谢谢！

收藏 分享

1215

Rank: 4

UID
152243 
帖子
3978 
主题
858 
注册时间
2009-12-15 
最后登录
2011-4-15 
2#
发表于 2011-3-12 10:32 | 只看该作者

Which of the following is the best description of the flow of information in an accounting system?

A)
 General ledger, trial balance, general journal, financial statements.
B)
 Journal entries, general ledger, trial balance, financial statements.
C)
 Trial balance, general ledger, general journal, financial statements.

Information flows through an accounting system in four steps:
1. Journal entries record every transaction, showing which accounts are changed by what amounts. A listing of all the journal entries in order by date is called the “general journal.”
2. The general ledger sorts the entries in the general journal by account.
3. At the end of the accounting period, an initial trial balance is prepared that shows the balances in each account. If any adjusting entries are needed, they will be recorded and reflected in an adjusted trial balance.
4. The account balances from the adjusted trial balance are presented in the financial statements.

TOP

1215

Rank: 4

UID
152243 
帖子
3978 
主题
858 
注册时间
2009-12-15 
最后登录
2011-4-15 
3#
发表于 2011-3-12 10:32 | 只看该作者

A listing of all the firm’s journal entries by date is called the:

A)
 general ledger.
B)
 adjusted trial balance.
C)
 general journal.

A listing of all the journal entries in order by date is called the “general journal.” The general ledger sorts the entries in the general journal by account. At the end of the accounting period, an initial trial balance is prepared that shows the balances in each account. If any adjusting entries are needed, they will be recorded and reflected in an adjusted trial balance. The account balances from the adjusted trial balance are presented in the financial statements.

TOP

1215

Rank: 4

UID
152243 
帖子
3978 
主题
858 
注册时间
2009-12-15 
最后登录
2011-4-15 
4#
发表于 2011-3-12 10:32 | 只看该作者

The best description of the general ledger is that it:

A)
 groups accounts into the categories that are presented in the financial statements.
B)
 sorts the entries in the general journal by account.
C)
 is where journal entries are first recorded.

Information flows through an accounting system in four steps:
1. Journal entries record every transaction, showing which accounts are changed by what amounts. A listing of all the journal entries in order by date is called the “general journal.”
2. The general ledger sorts the entries in the general journal by account.
3. At the end of the accounting period, an initial trial balance is prepared that shows the balances in each account. If any adjusting entries are needed, they will be recorded and reflected in an adjusted trial balance.
4. The account balances from the adjusted trial balance are presented in the financial statements.

TOP

luqian55

Rank: 3Rank: 3

UID
118990 
帖子
774 
主题
1 
注册时间
2008-12-31 
最后登录
2012-9-5 
5#
发表于 2011-9-30 15:05 | 只看该作者
thanks a lot

TOP

返回列表
上一主题：Reading 31: Financial Reporting Standards-LOS a 习题精选
下一主题：Reading 30: Financial Reporting Mechanics-LOS e 习题精选